Global
Fully
Enclosed Turbo Compressor Market
is expected to grow at a significant CAGR in the upcoming period as the scope
and its applications are rising enormously across the globe. Turbo compressor
is a turbomachine that concentrates a compressible gas with the help of dynamic
principles. It is exclusively used for natural gas transmission and processing.
The
factors that are playing a major role in the growth of the market are rise in
liquefied natural gas (LNG) transport, developing oil & gas industries in
MEA region, and high demand from end-users. However, presence of substitutes
may restrain overall market growth in the years to come. Fully enclosed turbo
compressor market is segmented based on product type, application, and region.
Two
stroke and single (one) stroke turbo compressor are the product types that are
explored in the market. The market may be categorized based on applications
like transportation, industrial, agricultural, and others. Industrial sector
accounted for the substantial share of the market and is estimated to lead
overall market growth in the years to come. Also, transportation sector is
estimated to grow at the fastest pace in the years to come.
Globally,
Asia Pacific accounted for the substantial share of fully enclosed turbo
compressor market and is estimated to lead overall market in the years to come.
The reason behind overall market growth could be the presence of huge oil
refineries and chemical plants, rapid industrialization, and high demand from
end-users. The developing countries like India and China are major consumers of
fully enclosed turbo compressor in this region. The reason could be a decrease
in oil prices and developing industrial sector.
North
America and Europe are also estimated to have a positive influence on future
growth. North America is the second largest region with significant market
share. The United States is a major consumer of fully enclosed turbo compressor
in this region. However, Europe is estimated to grow at the highest CAGR in the
forecast period.
The
key players of fully enclosed turbo compressor market are Sulzer Chemtech, ABB
Turbocharging, Sjerp & Jongeneel, ALMIG Kompressoren, MAN Diesel &
Turbo, Celeroton AG, kTurbo, Enervac, Howden BC Compressors, and FISCHER
AG-Prazisionsspindeln. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Fully Enclosed Turbo Compressor in these
regions, from 2012 to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Fully Enclosed Turbo Compressor
market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
•
ABB Turbocharging
•
ALMIG Kompressoren
•
Celeroton AG
•
Enervac
•
FISCHER AG-Prazisionsspindeln
•
Howden BC Compressors
•
kTurbo
•
MAN Diesel & Turbo
•
Sjerp & Jongeneel
•
Sulzer Chemtech
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